1. (TCO 9) Protection and Indemnity coverage provided under Ocean Marine policy

Question

1. (TCO 9) Protection and Indemnity coverage provided under Ocean Marine policy covers: (Points : 3)
damage to the ship or its cargo.
damage to the cargo only.
essentially the same thing as business interruption insurance.
legal liability.
none of the above.


2. (TCO 9) The Annual Transit policy: (Points : 3)
is designed to cover only shipments of goods on the insured's own trucks.
is usually written on an open-peril basis.
covers goods shipped by common carrier, contract carrier, or on the insured's own trucks.
normally excludes the perils of transportation.
none of the above.

Explanation / Answer

legal liability. insured's own trucks.

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